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EURUSD is intended to surpass the key resistance level at 1.1429.
| EURUSD | H4 | ||
| Resistance | 1.1429 | 1.1463 | 1.1511 |
| Support | 1.1347 | 1.1299 | 1.1265 |
| Primary Scenario | EURUSD is intended to surpass the key resistance level at 1.1429. If that happens, the next resistance is seen at 1.1463 and even higher at 1.1511. | ||
| Alternative Scenario | A fruitless attempt to penetrate the hurdle at 1.1429 will push prices lower towards the daily pivot at 1.1381 and further down to 1.1347. | ||
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GBPUSD | H4 | |
| Resistance | 1.5495 | 1.5555 | 1.5632 |
| Support | 1.5357 | 1.5280 | 1.5220 |
| Primary Scenario | The pair surged into fresh high. If GBPUSD manages to extend its uptrend, it will target the forthcoming resistances at 1.5495 and then higher at 1.5555. | ||
| Alternative Scenario | A setback of the rate below the daily pivot (1.5418), will open the way down to the next support level at 1.5357. | ||
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USDCHF | H4 | |
| Resistance | 0.9475 | 0.9531 | 0.9612 |
| Support | 0.9338 | 0.9257 | 0.9201 |
| Primary Scenario | USDCHF finally managed to exceed the daily pivot point at 0.9394. A sustained trading above this level will most likely lead the pair higher up to the resistance levels at 0.9475 and 0.9531. | ||
| Alternative Scenario | A plunge of the market below the daily pivot will push the pair to find support at 0.9338. | ||
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USDJPY | H4 |  |
| Resistance | 118.92 | 119.40 | 119.87 |
| Support | 118.45 | 118.22 | 117.78 |
| Primary Scenario | The pair is trading slightly above the lower level of the Kumo. Should USDJPY achieve to violate this level, it will fall further towards the support levels at 118.45 and then lower at 118.22. | ||
| Alternative Scenario | Alternatively, a higher thrust of the exchange rate will lift the market within the cloud up to 118.92. | ||
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AUDUSD | H4 | |
| Resistance | 0.7839 | 0.7870 | 0.7903 |
| Support | 0.7775 | 0.7742 | 0.7711 |
| Primary Scenario | AUDUSD is gyrating the daily pivot (0.7806). A decisive movement to the south will push the market to target the support level at 0.7775 and further down to 0.7742. | ||
| Alternative Scenario | An upward wave would push the pair to breach the daily pivot, with immediate target the resistance at 0.7839. | ||
The post EURUSD is intended to surpass the key resistance level at 1.1429. appeared first on Forex Circles.
Source:: EURUSD is intended to surpass the key resistance level at 1.1429.
